SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Tamar Tamer

(Last) (First) (Middle)
C/O ORBITZ WORLDWIDE, INC.
500 W. MADISON STREET, SUITE 1000

(Street)
CHICAGO IL 60661

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/24/2011
3. Issuer Name and Ticker or Trading Symbol
Orbitz Worldwide, Inc. [ OWW ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, ebookers
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 42,875 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(1) (2) 07/30/2013 Common Stock 262,500 (4) D
Restricted Stock Units(1) (3) 06/02/2014 Common Stock 40,000 (4) D
Employee Stock Options (Right to Buy)(1) (5) 06/02/2017 Common Stock 80,000 $4.9 D
Explanation of Responses:
1. Granted under the Orbitz Worldwide, Inc. 2007 Equity and Incentive Plan, as amended.
2. The restricted stock units vest annually over a four-year period. 25% of the restricted stock units vested on July 30, 2010 and the remaining restricted stock units vest on July 30, 2011, 2012 and 2013.
3. The restricted stock units vest annually over four years on June 2, 2011, 2012, 2013 and 2014.
4. Each restricted stock unit represents a right to receive, in the sole discretion of the Board of Directors of Orbitz Worldwide, Inc. (the "Company"), either one share of the Company's common stock, par value $0.01 per share, as of the applicable vesting date, or cash equal to the fair market value of one share of the Company's common stock as of the applicable vesting date.
5. The stock options vest in four equal installments on June 2, 2011, 2012, 2013 and 2014.
/s/ James P. Shaughnessy, Attorney-in-fact for Tamer Tamar 03/07/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.